VINCI sells WFS to LBO France

Document Sample
VINCI sells WFS to LBO France Powered By Docstoc
					                                                                  Rueil-Malmaison, 4 August 2006


                                            Press release


                                    VINCI sells WFS to LBO France


VINCI has decided to accept LBO France’s offer of €315 million (enterprise value) for its
airport services as the next step in the sale process entered into in the first quarter of
2006.

VINCI’s business in airport services employs 11,000 people and generated revenue of
€505 million in 2005. Operations are mainly in Europe and the United States in the airline
company services sector.

The sale of these activities is part of the asset disposal programme announced by VINCI at
the time of its acquisition of ASF. It will reduce VINCI’s debt by around €300 million.

Following signature of the sale contract on 3 August 2006, closing should take place in
September once approval has been received from the various authorities concerned.

VINCI is withdrawing from airport services but continues to consider airport concessions as
a strategic activity, as was confirmed by the recent signature of the concession contract
for the Sihanoukville airport in Cambodia.


Investor Relations : Véronique Gilliéron                              Press contact : Virginie Christnacht
Tel. : 01 47 16 45 39                                                               Tel. : 01 47 16 39 56
E-mail : vgillieron@vinci.com                                                      Fax : 01 47 16 33 88
                                                                        E-mail :vchristnacht@vinci.com
                                             This press release is available in French, English and German
                                                                        on VINCI’s website: www.vinci.com